Growth in Global Blockchain Market to Gain Momentum in Years Ahead, Expects Stratistics MRC in In-demand Report Available at MarketPublishers.com09 Dec 2016 • by Natalie Aster
LONDON – The global blockchain market is set to maintain positive growth through 2022, exhibiting a healthy double-digit CAGR.
Blockchain technology enjoys high demand from a huge number of industries, especially from the financial services sector, as this technology provides high level of security during transactions and excludes the need for a 3rd party that confirm the transaction. Apart from that, transactions conducted with the use of blockchain technology will be present on a vast network instead of on a single, centralised ledger.
The finance industry has registered very fast adoption of this emerging technology given its ability to considerably drop transaction costs. Other industries are also showing lucrative growth potential.
Some of outstanding companies in the blockchain market includes Alphaphoint, BTL Group, Chain, Coinbase, Deloitte, Digitalx, Global Arena Holding, IBM Corporation, Microsoft Corporation and Ripple, to name a few. IBM is the current leader in the world’s blockchain market.
Topical research report “Blockchain - Global Market Outlook (2016-2022)” prepared by Stratistics MRC presents a 360-degree overview of the world’s blockchain market and explores the market scenario at the regional and country scales. This comprehensive research report highlights the market dynamics, reviews the major market growth drivers, constraints, opportunities, threats, challenges, opportunities, developments and trends. Moreover, the study canvasses the latest technological advancements, offers valuable strategic recommendations for the market players, provides a detailed supply chain analysis and contains Porter’s five forces analysis. Competitive scenario analysis and reliable info on top market players (17 profiles) are available in this research report. Future forecasts for the world’s blockchain market up till 2022 are at hand here.
Many other comprehensive research reports by Stratistics MRC can be found at the publisher's page.